Each of the suspects was charged with 31 different criminal counts in a conspiracy that goes back eight years. These allegations claim that U.S. companies' insider secrets were stolen through "economic espionage" and "21st century burglary," leading to a loss of American jobs.

Then, it should come as no surprise that the U.S. is now taking steps to keep Chinese hackers out of Def Con, a popular hacking conference in Las Vegas.

The [senior administration] official said that Washington could use such visa restrictions and other measures to keep Chinese from attending the August Def Con and Black Hat events to maintain pressure on China after the United States this week charged five Chinese military officers with hacking into U.S. companies to steal trade secrets.

Of course, China has denied the cyber-espionage charges and other hackers throughout the community felt that the measures are unnecessary and racist. One board member even pointed out that all the talks given at the conference are taped and sold online.